Yorkshire Base Rate Tracker Card 'to be kept'

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Yorkshire Base Rate Tracker Card 'to be kept'

Wed 11th Jan 2006

The Yorkshire Base Rate Tracker Card will stay on the market despite similar products being withdrawn by other providers, it emerged today.

After Nationwide's announcement that it is withdrawing its cashback credit card for new business, Yorkshire Building Society said it would keep its two cards with a cashback facility.

Yorkshire's Rob Wakefield said: "Before we launched our two cards last year we researched via customer and staff focus groups what people want from their credit cards… The cashback proposition came very high up the agenda particularly when linked to a mortgage."

He added that all Yorkshire customers are offered a credit card when applying for a mortgage.

The Yorkshire Base Rate Tracker Card is linked to the Bank of England rate, currently at 4.5 per cent. It moves on to a long term rate of base rate plus 5.5 per cent after six months.

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